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Stamp Duty for First Time Buyers

If you are a first time buyer buying a property for less than £300,000 you shouldn't pay any stamp duty.
First time buyers purchasing properties between £300,000 to £500,000 will also see a reduction in the amount of SDLT they pay, paying SDLT at 5% on the amount of the purchase price in excess of £300,000.


Property or lease premium or transfer value 
SDLT rate
Up to £300,000  Zero
The next £625,000 (the portion from £300,001 to £925,000)  5%
The next £575,000 (the portion from £925,001 to £1.5 million)  10%
The remaining amount (the portion above £1.5 million)  12%


If you buy a property for £350,000, the SDLT you owe is calculated as follows:
0% on the first £300,000 = £0
5% on the final £50,000 = £2,500
Total SDLT = £2,500

You can read the full Government paper on SDLT relief for first time buyers on the Gov.UK website.

Compare Conveyancing Quotes for Property in Scotland

Compare Conveyancing Quotes is pleased to announce that we have now extended our service to offer conveyancing quote comparisons for properties in Scotland.

The quotes you receive will be as accurate as possible up front and include standard disbursements such as Land and Buildings Transaction Tax and Registers of Scotland Registry Fees.

Compare sale and purchase, purchase or sale conveyancing quotes for Scottish properties instantly!

SDLT on Additional Residential Properties - Policy Paper Published

HMRC has today published its policy paper relating to higher SDLT (Stamp Duty Land Tax) rates on purchases of additional residential properties, such as 'buy to let' purchases and 'second homes'.

A higher rate of Stamp Duty was originally proposed in the Spending Review and Autumn Statement 2015, forming part of the government's Five Point Plan for housing, with a consultation then running between 28th December 2015 and 1 February 2016 before the final policy then came into force.

The new higher rate of stamp duty will be charged on purchases of additional residential properties from 1st April 2016, and will be three percentage points above the current SDLT rates.

Read our guide to SDLT rates for additional residential property purchases or read the full Policy Paper on the HMRC website.